Susquehanna analyst Shyam Patil raised the firm’s price target on Expedia to $145 from $120 and keeps a Neutral rating on the shares. The firm said they reported 4Q bookings below expectations due to softness in air and guided 1Q lower on continued air softness and Vrbo challenges. Susquehanna said they remain constructive on the long-term online hotels and alternative accommodations penetration story,
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on EXPE:
- Bad News for Expedia Stock: This New Risk Has Been Added
- PayPal downgraded, United Airlines upgraded: Wall Street’s top analyst calls
- Expedia price target lowered to $165 from $181 at BMO Capital
- Expedia price target raised to $152 from $125 at DA Davidson
- Expedia price target lowered to $175 from $180 at Piper Sandler
